Shell has initiated a strategic review of its chemicals operations in Europe and the United States, potentially leading to asset sales. According to the Wall Street Journal, the energy giant has hired Morgan Stanley for this evaluation, with the Deer Park facility in Texas included in the review.

This latest consideration follows Shell’s recent sale of its refining and chemicals complex in Singapore, once heralded as one of the world’s largest. The decision to review its chemicals assets comes amid warnings from Shell regarding a forecasted drop in trading performance in its chemicals and oil products division due to seasonal demand changes.

Industry data from the IndexBox platform highlights a growing trend among major companies to optimize their asset portfolios amid fluctuating global demand, which may have spurred Shell’s current strategic assessment.

Source: IndexBox Market Intelligence Platform